Softer CPI fails to shift majors’ May hike forecasts
Softer CPI Fails to Shift Majors’ May Hike Forecasts Australia’s major financial institutions have largely maintained their conviction for a cash rate hike in May, despite the release of quarterly inflation data that saw the Reserve Bank of Australia’s (RBA) preferred measure undershoot market expectations. The latest Consumer Price Index (CPI) figures, while showing some
